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Federal Reserve · United StatesFederal Reserve Governor Lisa Cook is asking a U.S. appeals court to reject the Trump administration’s latest bid to remove her from her post ahead of the central bank’s next vote on interest rates. In a filing with the court Saturday, attorneys on behalf of Cook asked the court to refuse an emergency request by the Trump administration for a stay of a lower court ruling that would clear the way for President Donald Trump to remove Cook from the Federal Reserve’s board of governors.See the Story
Fed governor Cook asks appeals court to reject White House’s bid to remove her from Fed board
56% Center coverage: 73 sources
Jerome Powell · WinnipegIn a sign of how unusual this week's Federal Reserve meeting is, the decision it will make on interest rates — usually the main event — is just one of the key unknowns to be resolved when officials gather Tuesday and Wednesday. For now, it's not even clear who will be there. The meeting will likely include Lisa Cook, an embattled governor, unless an appeals court or the Supreme Court rules in favor of an effort by President Donald Trump to remov…See the Story
The Fed Faces Economic Uncertainty and Political Pressure as It Decides Whether to Cut Rates
79% Center coverage: 28 sources
Jerome Powell · United StatesWASHINGTON: President Donald Trump renewed his call on Monday (Sep 15) for a large interest rate cut, furthering pressure on the independent US central bank a day before it opens a key policy meeting.In a post to his Truth Social platform, Trump said that Federal Reserve Chair Jerome Powell "must cut interestSee the Story
Trump Urges for Major Rate Cut as Fed Meeting Nears
56% Center coverage: 9 sources
